Associate Risk Analyst / Risk Analyst

What part will you play? If you’re looking for a place where you can make a meaningful difference, you’ve found it.

The work we do at Markel gives people the confidence to move forward and seize opportunities, and you’ll find your fit amongst our global community of optimists and problem-solvers. We’re always pushing each other to go further because we believe that when we realize our potential, we can help others reach theirs.

Join us and play your part in something special!

The Associate Risk Analyst / Risk Analyst supports the enterprise risk management program by contributing to quarterly risk processes, analyzing risk events and near misses, and preparing clear, decision-ready materials for risk owners and leadership. This role is well-suited to a curious, solutions-oriented analyst who enjoys translating data and qualitative insights into practical risk responses that support both protection and growth.

You will gain exposure to a broad range of business activities across the organization and collaborate with stakeholders at multiple levels. The work requires strong analytical judgment, integrity in handling confidential information, and the ability to explain complex topics in plain language.

Within the Risk team, we are an actively engaged Risk function supporting the business through a period of expansion, both in the US and internationally. By joining the team you will play a key part in working across a wide range of corporate and business activities, lending variety and challenge to our working lives.

Job Location : Hybrid work arrangement based in Richmond, VA

Job Responsibilities

Duties and accountabilities :

Quarterly risk cycle. Coordinate elements of the quarterly risk management process, including scheduling and facilitating risk owner meetings, capturing and challenging updates to risk registers, and tracking action items through completion.

Risk event analysis and deep dives. Perform structured analysis of risk events and near misses, including root cause analysis, linkage to register risks, impact / likelihood assessment, and presentation of practical remediation options. Prepare concise deep-dive summaries and follow-up plans.

Risk reporting and ORSA support. Contribute to risk reporting packs and support components of the Own Risk and Solvency Assessment (ORSA) process, including data collection, drafting sections, quality checks, and maintaining an audit trail of sources and assumptions.

Framework and control improvements. Identify opportunities to streamline risk frameworks and processes using technology and automation. Propose pragmatic enhancements to RCSA, risk appetite metrics, key risk indicators, and issue / incident management.

Stakeholder engagement. Build effective working relationships with business stakeholders, synthesizing insights from interactions to anticipate emerging risks and propose proportionate responses. Facilitate adoption of agreed risk actions and monitor completion.

Data and analytics. Use quantitative and qualitative data to inform risk insights including use of advanced analytics including AI

Produce clean, reproducible analyses and visualizations to support decision-making. Maintain documentation of methods and calculations.

Governance and integrity. Handle confidential information with discretion; escalate issues in accordance with policy; support model, policy, and documentation governance requirements.

Perform other duties as required.

Education

Bachelor’s degree in a relevant field (e.g., finance, economics, data analytics, mathematics, risk management, or related discipline) or 4 years of Analyst experience required

Work Experience / Skill Set

The successful candidate will have :

Analytical curiosity with a business-oriented mindset; comfort learning new topics through well-targeted questions.

Ability to synthesize qualitative and quantitative inputs into practical recommendations.

Relationship-building skills with a thoughtful, constructive challenge mindset.

High integrity and sensitivity when handling confidential information.

Demonstrated experience analyzing datasets and drawing defensible conclusions; proficiency with Excel and at least one analytics or visualization tool (e.g., SQL, Python, R, Tableau, or Power BI).

Foundational understanding of risk management principles and frameworks and the ability to apply them to business scenarios.

Strong written and verbal communication skills, including the ability to produce succinct reports and present complex issues clearly to non-technical audiences.

Proven ability to manage tasks to completion, coordinate across stakeholders, and provide timely updates.

Preferred qualifications :

Exposure to enterprise risk management in financial services or insurance, including risk registers, risk controls. Key risk indicators, and issue management.

Familiarity with Own Risk and Solvency Assessment concepts, capital / risk models, or insurance business models and underwriting products.

Experience with Governance Risk and Compliance or risk tooling and collaboration platforms (e.g., AuditBoard, ServiceNow GRC, OneTrust, Confluence / Jira, SharePoint).

Professional progress toward a relevant certification (e.g., ARM, CRM, FRM, PRM, CPCU) is a plus. We will support your professional progress.

The Risk Analyst has a hybrid work model with in-office days to support collaboration, stakeholder engagement, and key risk meetings. Occasional additional in-office presence may be required during peak reporting cycles.

Job level and title offered to the successful candidate will be commensurate with experience, specialized skills relevant to the role, and possession of the outlined preferred qualifications. Markel reserves the right to propose an alternative career level based on these factors.

#LI-Hybrid

#DEIB

US Work Authorization

US Work Authorization required. Markel does not provide visa sponsorship for this position, now or in the future.

Who we are :

Markel Group (NYSE – MKL) a fortune 500 company with over 60 offices in 20+ countries, is a holding company for insurance, reinsurance, specialist advisory and investment operations around the world.

We’re all about people | We win together | We strive for better

We enjoy the everyday | We think further

What’s in it for you :

In keeping with the values of the Markel Style, we strive to support our employees in living their lives to the fullest at home and at work.

We offer competitive benefit programs that help meet our diverse and changing environment as well as support our employees’ needs at all stages of life.

All full-time employees have the option to select from multiple health, dental and vision insurance plan options and optional life, disability, and AD&D insurance.

We also offer a 401(k) with employer match contributions, an Employee Stock Purchase Plan, PTO, corporate holidays and floating holidays, parental leave.

Are you ready to play your part?

Choose ‘Apply Now’ to fill out our short application, so that we can find out more about you.

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All legitimate job postings with Markel will be posted on . No other URL should be trusted for job postings.

All legitimate communications with Markel recruiters will come from Markel.com email addresses.

We would also ask that you please report any job employment scams related to Markel to .

Markel is an equal opportunity employer. We do not discriminate or allow discrimination on the basis of any protected characteristic. This includes race; color; sex; religion; creed; national origin or place of birth; ancestry; age; disability; affectional or sexual orientation; gender expression or identity; genetic information, sickle cell trait, or atypical hereditary cellular or blood trait; refusal to submit to genetic tests or make genetic test results available; medical condition; citizenship status; pregnancy, childbirth, or related medical conditions; marital status, civil union status, domestic partnership status, familial status, or family responsibilities; military or veteran status, including unfavorable discharge from military service; personal appearance, height, or weight; matriculation or political affiliation; expunged juvenile records; arrest and court records where prohibited by applicable law; status as a victim of domestic or sexual violence; public assistance status; order of protection status; status as a smoker or nonsmoker; membership or activity in local commissions; the use or nonuse of lawful products off employer premises during non-work hours; declining to attend meetings or participate in communications about religious or political matters; or any other classification protected by applicable law.